“More good things to come,” Jeff Hawks
“The market feels really ‘frothy’ to us,” Matt Joblon.
“Last year was one of the best years in Colorado Springs,” Kevin McKenna.
“We have a demand for 20,000 more units that we weren’t anticipating,” S. Robert August.
Highlights: Colorado Division of Housing releases 2Q apartment report. Rental market booming despite low mortgage rates. Apartment vacancies lowest since 3Q 2000 The apartment vacancy rate in the Denver metro area fell to 4.2 percent during the second quarter, dropping to the lowest vacancy rate recorded in any quarter since the third quarter of the year 2000, according to a…
“Year-over-year rent growth outpaced inflation,” Ryan McMaken.
CAVE – Citizens Against Virtually Everything
“At this time in the market cycle, if you have a buyer who has a property under contract, but hasn’t closed yet, and tries to negotiate a lower price, the seller typically will go to buyers No. 2 and buyer No. 3,” Jeff Hawks.